Guinea has adopted the Simandou 2040 strategic development plan, a $200 billion investment program aimed at transforming the country’s economy by 2040, according to the Presidency of the Republic of Guinea and the National Transitional Council of Guinea.
The roadmap includes 122 mega-projects and 36 major reforms, with the Simandou iron ore deposit—one of the world’s largest mining projects—at its center.
Authorities aim to increase Guinea’s GDP to about $152 billion by 2040, up from roughly $35 billion today, supported by projected annual economic growth exceeding 10 percent.
